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  1. Consumers in Middle East's GCC countries to up spend 50pc on beauty from 2025 to 2030: report
  2. Sotheby’s, seeking to grow collector base, will turn wines and spirits festival global for sector dominance 
  3. Resale becoming the first choice for US shoppers as luxury retail evolves: report
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Comment

Craftsmanship and métier

UK luxury contributes $104 billion to United Kingdom economy, supports 450K jobs and accounts for 3.7pc of GDP: report

March 18, 2024

Bentley Motors was recently named Britain's most admired automotive manufacturer for the second consecutive year. Image: Bentley Motors Bentley Motors was recently named Britain's most admired automotive manufacturer for the second consecutive year. Image: Bentley Motors

 

By Luxury Marketer Intelligence

The United Kingdom’s luxury sector is now contributing £81 billion ($104 billion) a year to the country’s economy and is helping the government raise $33 billion (£25.5) billion in tax receipts.

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MOST READ
  1. Consumers in Middle East's GCC countries to up spend 50pc on beauty from 2025 to 2030: report
  2. Sotheby’s, seeking to grow collector base, will turn wines and spirits festival global for sector dominance 
  3. Resale becoming the first choice for US shoppers as luxury retail evolves: report
  4. Why pop-ups are now a pillar of luxury distribution strategy 
  5. Save the date: April 15: Luxury Women Leaders Summit 2026
  6. Younger wealthy buyers entering market for bigger yachts with longevity, sustainability features
  7. US home sales over $10M-plus to accelerate to $31.4B as wealth spreads across and beyond top metros
  8. 4 Weeks Left! Register Now for Luxury Marketing Summit New York April 17
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  10. AI supercycle changing the way how companies operate


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